Posted on December 5, 2022
The world of big energy is dominated by perpetrators.
These are criminals like no other before or since. Wars are fought, protestors snuffed and every manner of diplomatic trickery and coercion employed to get these companies what they want.
And, of course, ConocoPhilips (NYSE:COP) is among those at the top of the steaming heap when it comes to the mercenary intrigues of the O&G sector.
That said, trading the options of these ne’er do wells is both virtuous and profitable, and we pride ourselves in using their shares as the rod with which we one day hope to beat them silly.
To that end, we’ve hand-crafted a fine trade for you today that could deliver a 1011% return when the machers at COP have their heads handed to them.
As you’ll soon see, many of them—sensing the coming guillotine—have already chosen to scram.
In short, ConocoPhillips sports some very competitive fundamentals.
Yes, we’re well aware of the latest LNG deal with Germany and Qatar that COP is contracted to fulfill, but we don’t believe it will be sufficient to maintain the bullish enthusiasm that prevailed since mid-summer.
The stock is headed lower.
With kind regards,
Hugh L. O’Haynew